Baytex lifts 2026 production guidance to about 72,000 boe/d
Reuters2026/09/01 21:19- Baytex lifted 2026 production guidance to about 72,000 boe/d, versus an original budget of about 71,000 boe/d.
- 2026 capital spending forecast held at about CAD 625 million, split 45% heavy oil, 55% light oil.
- Three-year plan targets 6%-8% production CAGR through 2028, implying about 80,000-85,000 boe/d by 2028.
- Duvernay outlook targets 20,000-25,000 boe/d by 2029-2030 from 91,500 net acres and about 210 drilling locations.
- Capital return framework maintains an annualized CAD 0.09 dividend; renewed NCIB allows repurchase of up to 70.9 million shares through July 1, 2027.
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